Earnings and Growth Analysis : SunPower (NASDAQ:SPWR)

Earnings results for SunPower (NASDAQ:SPWR)

SunPower Corporation is expected* to report earnings on 05/05/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.04. The reported EPS for the same quarter last year was $-0.14.

SunPower last released its quarterly earnings data on February 16th, 2021. The semiconductor company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.08. The firm earned $341.81 million during the quarter, compared to the consensus estimate of $355.63 million. SunPower has generated ($0.47) earnings per share over the last year and currently has a price-to-earnings ratio of 67.2. SunPower has confirmed that its next quarterly earnings report will be published on Wednesday, May 5th, 2021. SunPower will be holding an earnings conference call on Wednesday, May 5th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on SunPower (NASDAQ:SPWR)

13 Wall Street analysts have issued ratings and price targets for SunPower in the last 12 months. Their average twelve-month price target is $29.00, predicting that the stock has a possible upside of 16.65%. The high price target for SPWR is $49.00 and the low price target for SPWR is $11.00. There are currently 4 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

SunPower has received a consensus rating of Hold. The company’s average rating score is 1.77, and is based on 1 buy rating, 8 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $29.00, SunPower has a forecasted upside of 16.7% from its current price of $24.86. SunPower has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: SunPower (NASDAQ:SPWR)

SunPower does not currently pay a dividend. SunPower does not have a long track record of dividend growth.

Insiders buying/selling: SunPower (NASDAQ:SPWR)

In the past three months, SunPower insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,551,717.00 in company stock. Only 1.11% of the stock of SunPower is held by insiders. 45.92% of the stock of SunPower is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of SunPower (NASDAQ:SPWR

Earnings for SunPower are expected to grow in the coming year, from ($0.34) to $0.24 per share. The P/E ratio of SunPower is 67.19, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.15. The P/E ratio of SunPower is 67.19, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 24.25. SunPower has a P/B Ratio of 191.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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